ThermElectricity develops green energy solutions to convert otherwise wasted heat into electrical energy. The company's shape memory alloy energy harvesting device uses the expansion and contraction of specialized metal alloys to harvest energy from temperature fluctuations as low as 10 degrees Celsius. The device has applications in a wide range industrial facilities that produce heat as part of a manufacturing process. ThermElectricity received an Innovation Fund grant in February 2013 and will use the funding to quantify the cost-to-energy ratio its technology can achieve.